Core Viewpoint - The Federal Energy Regulatory Commission (FERC) has authorized the acquisition of TXNM Energy by Blackstone Infrastructure, determining that the transaction aligns with public interest and does not negatively impact competition or rates [1]. Regulatory Approvals - FERC's order indicates no evidence that state or federal regulations will be impaired by the acquisition [1] - The acquisition has received approval from the Federal Communications Commission (FCC) and the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act has expired [1] - The Public Utility Commission of Texas (PUCT) approved a settlement for the acquisition earlier this month [1] Shareholder Support - TXNM Energy shareholders overwhelmingly approved the merger in August 2025 [1] Company Background - TXNM Energy, based in Albuquerque, New Mexico, serves over 800,000 homes and businesses in Texas and New Mexico through its regulated utilities, TNMP and PNM [1]
FERC Authorizes TXNM Energy Acquisition by Blackstone Infrastructure, Finds Transaction Consistent with Public Interest